April 24, 2019
By Huw Jones
LONDON (Reuters) – Britain’s finance minister Philip Hammond said on Wednesday it will start the process of replacing Mark Carney as governor of the Bank of England.
“Finding a candidate with the right skills and experience to lead the Bank of England is vital for ensuring the continuing strength of our economy and for maintaining the UK’s position as a leading global financial center,” Hammond said in a statement.
Carney took up his role on July 1, 2013, and will step down on Jan. 31, 2020.
(Reporting By Huw Jones; editing by Simon Jessop)